|[October 17, 2013]
Cinedigm Announces Underwritten Public Offering
CENTURY CITY, Calif. & NEW YORK --(Business Wire)--
Corp. (NASDAQ: CIDM) (the "Company") announced today it intends
to offer and sell in an underwritten public offering 7,904,340
registered shares of Class A common stock. Additionally, the Company has
granted the underwriters an option for 30 days to purchase up to
1,185,650 additional shares of Class A common stock.
The Company expects to use the net proceeds of the offering for working
capital, acquisitions and general corporate purposes.
In connection with the offering, B. Riley & Co., LLC and National
Securities Corporation, a wholly owned subsidiary of National Holdings,
Inc. (OTCBB:NHLD), are acting as co-lead managers of the offering.
The securities described above are being offered by the Company pursuant
to a shelf registration statement on Form S-3 (Registration No.
333-179970), including a base prospectus dated April 9, 2012, previously
filed with and declared effective by the Securities and Exchange
Commission (the "SEC (News - Alert)"). A preliminary prospectus supplement related to
the offering has been filed with the SEC and is available on the SEC's
website located at http://www.sec.gov.
Copies of the preliminary prospectus supplement and the accompanying
base prospectus relating to this Offering, may be obtained from B. Riley
& Co., LLC 11100 Santa Monica Blvd., Suite 800, Los Angeles, California
90025, (310) 966-1444.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sales of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful.
Cinedigm is a leader in providing the services, experience, technology
and content critical to transforming movie theaters into digital and
networked entertainment centers. The Company partners with Hollywood
movie studios, independent movie distributors, and exhibitors to bring
movies in digital cinema format to audiences across the country.
Cinedigm's digital cinema deployment organization, state of the art
distributor and exhibition software, and marketing and distribution
platform for alternative content and independent films are a cornerstone
of the digital cinema transformation. Cinedigm™ and Cinedigm Digital
Cinema Corp™ are trademarks of Cinedigm Digital Cinema Corp www.cinedigm.com
Safe Harbor Statement
Investors and readers are cautioned that certain statements contained in
this document, as well as some statements in periodic press releases and
some oral statements of Cinedigm officials during presentations about
Cinedigm, along with Cinedigm's filings with the Securities and Exchange
Commission, including Cinedigm's registration statements, quarterly
reports on Form 10-Q and annual report on Form 10-K, are
"forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 (the "Act"). Forward-looking statements
include statements that are predictive in nature, which depend upon or
refer to future events or conditions, which include words such as
"expects," "anticipates," "intends," "plans," "could," "might,"
"believes," "seeks," "estimates" or similar expressions. In addition,
any statements concerning future financial performance (including future
revenues, earnings or growth rates), ongoing business strategies or
prospects, and possible future actions, which may be provided by
Cinedigm's management, are also forward-looking statements as defined by
the Act. Forward-looking statements are based on current expectations
and projections about future events and are subject to various risks,
uncertainties and assumptions about Cinedigm, its technology, economic
and market factors and the industries in which Cinedigm does business,
among other things. These statements are not guarantees of future
performance and Cinedigm undertakes no specific obligation or intention
to update these statements after the date of this release.
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